Genco extends time charter
New York-based Genco Shipping & Trading has reached an agreement to extend the time charter for the 'Genco Beauty,' a 1999-built Panamax vessel on charter with Cargill International S.A.
The extended time charter would be for an additional 23 to 26 months at a rate of $31,500 per day, less a 5 percent third-party brokerage commission.
“With this agreement, we have approximately 88 percent of our fleet’s available days secured on contracts for the remainder of 2007 and 45 percent for 2008,” said Robert Gerald Buchanan, Genco president.
Genco extends time charter
